Novosense(688052) 长江商报·2025-03-28 00:28Core Viewpoint - The company, Naxin Micro, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness and international strategy, despite facing significant losses in recent years [1][2][5]. Group 1: Company Overview - Naxin Micro specializes in high-performance analog and mixed-signal chips, focusing on sensors, signal chains, and power management for various sectors including automotive and industrial [2][4]. - The company has established branches in Germany, Japan, and South Korea, and has a localized sales team to support its international operations [1][3]. Group 2: Financial Performance - In 2024, Naxin Micro reported a revenue of 1.961 billion yuan, a year-on-year increase of 49.56%, but incurred a net loss of 403 million yuan, representing a 31.97% increase in losses compared to the previous year [1][5]. - The company has experienced a cumulative net loss of 708 million yuan over the past two years, with a significant decline in profitability in 2023, marking its first loss since going public [5][6]. Group 3: Market Position and Strategy - Naxin Micro's overseas revenue share has been steadily increasing, reaching 15.41% in the first half of 2024, up from 12.34% in 2023 [1][3]. - The company has made strategic acquisitions, including the purchase of 100% of Maigen for 1 billion yuan, which is expected to enhance its market position [6]. Group 4: Future Outlook - The company anticipates growth in the automotive electronics sector and improvements in consumer electronics demand, although it faces challenges from macroeconomic conditions and increased market competition [6].